North America Application Modernization Tools Market to 2027 - Regional Analysis and Forecasts by Product Type (COBOL, ADA, RPG, Assembler, PowerBuilder, Others); Application (Emulation, Translation, Business Rules Extraction)
Publication Month: Sep 2019
Report Code: TIPRE00006674 No. of Pages: 140 Category: Technology, Media and Telecommunications Status: Published
North America application modernization tools market in is expected to grow from US$ 4.25 Bn in 2018 to US$ 16.56 Bn by the year 2027. This represents a CAGR of 16.5% from the year 2018 to 2027.
Digital transformation or digitization of businesses refers to the integration of digital technology in various business processes, organizational activities, and business models. End-to-end business process optimization, increased operational efficiency, improved customer experience, and reduced costs are few of the factors driving the application modernization tools market. The paradigm shift of enterprises from traditional channels to digital and automated channels results in multiple benefits ranging from improved efficiency to reduced cost and increased revenue opportunities. In addition to this, the rising technological advancements in cloud computing and storage technology, the power of cloud-based platforms has increased multi-fold during the past few years. Digital transformation implies new business models and engagement models with customers, stakeholders, and partners. Companies are transforming their business digitally to compete effectively in the digital era. This digital transformation has a high impact on the application modernization tools market growth and is expected to drive the application modernization market significantly during the forecast period.
Currently, the US is dominating the application modernization tools market in terms of adoption, which in turn boost the demand for application modernization tools market. The US is a technologically developed country; hence, the adoption of advanced technology and IoT is high across various sectors of the country. The country has a presence of diverse industries and is one of the world’s leading high-technology innovators, which further drives the adoption of application modernization tools in the country. Being a technologically advanced country, the US attracts a large number of companies from different sectors to set up their headquarters in the country. With the growing adoption of digital technology in the country, the US accounts for the largest share in the North America application modernization tool market and will continue its dominance over the forecast period. The figure given below highlights the revenue share of Mexico in the North America application modernization tools market in the forecast period:
Exhibit: Mexico in North America Application Modernization Tools Market Revenue and Forecasts to 2027 (US$ Mn)
NORTH AMERICA APPLICATION MODERNIZATION TOOLS MARKET - SEGMENTATION
North America Application Modernization Tools Market by Product Type
- COBOL
- ADA
- RPG
- Assembler
- PowerBuilder
- Others
North America Application Modernization Tools Market by Application
- Emulation
- Translation
- Business Rules Extraction
North America Application Modernization Tools Market by Country
- US
- Canada
- Mexico
North America Application Modernization Tools Companies Mentioned
- Advanced Computer Software Group Limited
- Aspire Systems
- Asysco
- Atos SE
- Blu Age
- Deloitte Touche Tohmatsu Limited
- FreeSoft, Inc.
- Language Portability Solutions
- Micro Focus
- Mphasis Limited.
1. Introduction
1.1 Scope of the Study
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Application Modernization Tools-Market Landscape
4.1 Market Overview
4.2 Ecosystem Analysis
4.3 PEST Analysis
4.3.1 North America PEST Analysis
5. Application Modernization Tools Market – Key Industry Dynamics
5.1 Key Market Drivers
5.1.1 Growing digital transformation across different industries
5.1.2 Stringent regulatory compliances and growing need for its adherence
5.2 Key Market Restraints
5.2.1 High upfront costs involved in implementation and up gradation
5.3 Key Market Opportunities
5.3.1 Integration with other solutions
5.4 Future Trends
5.4.1 Artificial intelligence and analytics is expected to contribute to the market growth during the forecast period
5.5 Impact Analysis of Drivers and Restraints
6. North America Application Modernization Tools Market –Market Analysis
6.1 North America Application Modernization Tools Market Overview
6.2 North America Application Modernization Tools Market Forecast and Analysis
7. North America Application Modernization Tools Market – By Product Type
7.1 Overview
7.2 North America Application Modernization Tools Market Breakdown, By Product Type, 2018 and 2027
7.3 COBOL
7.3.1 Overview
7.3.2 North America COBOL Market, Revenue and Forecast to 2027 (US$ Mn)
7.4 ADA
7.4.1 Overview
7.4.2 North America ADA Market, Revenue and Forecast to 2027 (US$ Mn)
7.5 RPG
7.5.1 Overview
7.5.2 North America RPG Market, Revenue and Forecast to 2027 (US$ Mn)
7.6 Assembler
7.6.1 Overview
7.6.2 North America Assembler Market, Revenue and Forecast to 2027 (US$ Mn)
7.7 PowerBuilder
7.7.1 Overview
7.7.2 North America PowerBuilder Market, Revenue and Forecast to 2027 (US$ Mn)
7.8 Other
7.8.1 Overview
7.8.2 North America Other Market, Revenue and Forecast to 2027 (US$ Mn)
8. North America Application Modernization Tools Market – By Application
8.1 Overview
8.2 North America Application Modernization Tools Market Breakdown, By Application, 2018 & 2027
8.3 Emulation
8.3.1 Overview
8.3.2 North America Emulation Market, Revenue and Forecast to 2027 (US$ Mn)
8.4 Translation
8.4.1 Overview
8.4.2 North America Translation Market, Revenue and Forecast to 2027 (US$ Mn)
8.5 Business Rules Extraction
8.5.1 Overview
8.5.2 North America Business Rules Extraction Market, Revenue and Forecast to 2027 (US$ Mn)
9. North America Application Modernization Tool Market – Country Analysis
9.1 Overview
9.1.1 North America Application Modernization Tool Market Breakdown, By Country
9.1.1.1 US Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.1.1 US Application Modernization Tool Market Breakdown, By Product Type
9.1.1.1.2 US Application Modernization Tool Market Breakdown, By Application
9.1.1.2 Canada Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.2.1 Canada Application Modernization Tool Market Breakdown, By Product Type
9.1.1.2.2 Canada Application Modernization Tool Market Breakdown, By Application
9.1.1.3 Mexico Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
9.1.1.3.1 Mexico Application Modernization Tool Market Breakdown, By Product Type
9.1.1.3.2 Mexico Application Modernization Tool Market Breakdown, By Application
10. Application Modernization Tools Market - Industry Landscape
10.1 Overview
10.2 Market Initiative
10.3 Merger and Acquisition
10.4 New Development
11. Application Modernization Tools Market- Company Profiles
11.1 Advanced Computer Software Group Limited
11.1.1 Key Facts
11.1.2 Business Description
11.1.3 Products and Services
11.1.4 Financial Overview
11.1.5 SWOT Analysis
11.1.6 Key Developments
11.2 Aspire Systems (India) Pvt. Ltd
11.2.1 Key Facts
11.2.2 Business Description
11.2.3 Products and Services
11.2.4 Financial Overview
11.2.5 SWOT Analysis
11.2.6 Key Developments
11.3 Asysco Software BV
11.3.1 Key Facts
11.3.2 Business Description
11.3.3 Products and Services
11.3.4 Financial Overview
11.3.5 SWOT Analysis
11.3.6 Key Developments
11.4 Atos SE
11.4.1 Key Facts
11.4.2 Business Description
11.4.3 Products and Services
11.4.4 Financial Overview
11.4.5 SWOT Analysis
11.4.6 Key Developments
11.5 Blu Age
11.5.1 Key Facts
11.5.2 Business Description
11.5.3 Products and Services
11.5.4 Financial Overview
11.5.5 SWOT Analysis
11.5.6 Key Developments
11.6 Deloitte Touche Tohmatsu Limited
11.6.1 Key Facts
11.6.2 Business Description
11.6.3 Products and Services
11.6.4 Financial Overview
11.6.5 SWOT Analysis
11.6.6 Key Developments
11.7 FreeSoft, Inc.
11.7.1 Key Facts
11.7.2 Business Description
11.7.3 Products and Services
11.7.4 Financial Overview
11.7.5 SWOT Analysis
11.7.6 Key Developments
11.8 Language Portability Solutions
11.8.1 Key Facts
11.8.2 Business Description
11.8.3 Products and Services
11.8.4 Financial Overview
11.8.5 SWOT Analysis
11.8.6 Key Developments
11.9 Micro Focus International plc.
11.9.1 Key Facts
11.9.2 Business Description
11.9.3 Products and Services
11.9.4 Financial Overview
11.9.5 SWOT Analysis
11.9.6 Key Developments
11.10 Mphasis Limited
11.10.1 Key Facts
11.10.2 Business Description
11.10.3 Products and Services
11.10.4 Financial Overview
11.10.5 SWOT Analysis
11.10.6 Key Developments
12. Appendix
12.1 About The Insight Partners
12.2 Glossary of Terms
LIST OF TABLES
Table 1. North America Application Modernization Tools Market Revenue and Forecasts to 2027 (US$ Mn)
Table 2. North America Application Modernization Tool Market Revenue and Forecast To 2027 – By Product Type (US$ Mn)
Table 3. North America Application Modernization Tool Market Revenue and Forecast To 2027 – By Application (US$ Mn)
Table 4. North America Application Modernization Tool Market Revenue and Forecast to 2027 – By Country (US$ Mn)
Table 5. US Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 6. US Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 7. Canada Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 8. Canada Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 9. Mexico Application Modernization Tool Market Revenue and Forecast to 2027 – By Product Type (US$ Mn)
Table 10. Mexico Application Modernization Tool Market Revenue and Forecast to 2027 – By Application (US$ Mn)
Table 11. Glossary of Term: Application Modernization Tools Market
LIST OF FIGURES
Figure 1. North America Application Modernization Tools Market Segmentation
Figure 2. North America Application Modernization Tools Market Segmentation – By Country
Figure 3. North America Application Modernization Tools Market - Competitive Scenario
Figure 4. North America Application Modernization Tools Market, By Product Type
Figure 5. North America Application Modernization Tools Market, By Application
Figure 6. North America Application Modernization Tools Market Overview
Figure 7. Application Modernization Tools Market Ecosystem Analysis
Figure 8. North America – PEST Analysis
Figure 9. Application Modernization Tools Market Impact Analysis of Drivers and Restraints
Figure 10. North America Application Modernization Tools Market Forecast and Analysis, (US$ Mn)
Figure 11. North America Application Modernization Tools Market Breakdown, by Product Type, 2018 and 2027 (%)
Figure 12. North America COBOL Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 13. North America ADA Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 14. North America RPG Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 15. North America Assembler Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 16. North America PowerBuilder Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 17. North America Other Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 18. North America Application Modernization Tools Market Breakdown, By Application, 2018 & 2027 (%)
Figure 19. North America Emulation Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 20. North America Translation Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 21. North America Business Rules Extraction Market, Revenue and Forecast to 2027 (US$ Mn)
Figure 22. North America Application Modernization Tool Market Breakdown, By Country, 2018 & 2027(%)
Figure 23. US Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 24. Canada Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
Figure 25. Mexico Application Modernization Tool Market Revenue and Forecast to 2027 (US$ Mn)
The List of Companies
- Advanced Computer Software Group Limited
- Aspire Systems
- Asysco
- Atos SE
- Blu Age
- Deloitte Touche Tohmatsu Limited
- FreeSoft, Inc.
- Language Portability Solutions
- Micro Focus
- Mphasis Limited.
- Save and reduce time carrying out entrylevel research by identifying the growth, size, leading players and segments in the North America Application modernization tools market.
- Highlights key business priorities in order to assist companies to realign their business strategies.
- The key findings and recommendations highlight crucial progressive industry trends in the North America Application modernization tools market, thereby allowing players across the value chain to develop effective longterm strategies.
- Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
- Scrutinize indepth North America market trends and outlook coupled with the factors driving the market, as well as those hindering it.
- Enhance the decisionmaking process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution.